What's the most effective way to rip-off workers?

"Of all the contrivances for cheating the laboring classes of mankind, none has been more effective than that which deludes them with paper money." --Daniel Webster.

YOUR Inheritance??

"We used to pay off the mortgage and leave our kids the farm, now we mortgage the farm and leave our kids the payments." --L. Reichard White.

He/she who lives by credit dies by credit:

There is no means of avoiding the final collapse of a boom brought about by credit expansion. --Ludwig von Mises, Human Action (pg 572)

Universal epitaph

Note that Fascism (crony Capitalism) creates an internal struggle between the politicians and their contributors (businesspersons). This creates the false impression with the public that business and government are adversaries. While the specific winners and losers may change the game remains the same. The only constant losers are the outsiders, e.g., the tax payers. How ironic that the taxpayers indorse the system, decade after decade, century after century, but not the result. Those who blame business are called liberals. Those who blame big gov are called conservatives. We are getting what we deserve. Few understand the root of the problem: centralized power is not controllable, constructive, or rational. Every civilization has been destroyed by it and we are in our last decades.  --Don Duncan, May 11, 2011

A complete reversal of fortune?

"We used to pay off the mortgage and leave our kids the farm, now we mortgage the farm and leave our kids the payments." --The unknown truth-teller

The KEY economic insight - - -

"Money" obeys The Law of Supply and Demand. --L. Reichard White, Wednesday, April 20, 2011 7:50 AM

Dear Uncle --- by the way - - -

Dear Uncle Sam, why did you borrow $14.3 trillion instead of paying cash? --L. Reichard White, Tuesday, April 19, 2011 9:17 AM

By the way, what are you going to do about the estimated $65 trillion Medicare for our older folks is going to cost you? 

Three BIG whys

1. Instead of "National debt" why don't they call it what it really is: "Government debt?" 

2. Why did they borrow rather than pay cash? 

3. Why should we, let alone our kids, grand kids and the yet unborn, pay it? --L. Reichard White, Wednesday, March 23, 2011 8:52 AM

The unfriendly option

The difference between collective bargaining with governments vs. with private companies is that if governments give employees too much, they can't go out of business.

What do governments do instead? --L. Reichard White, Sunday, February 27, 2011 11:26 AM

Irritant?

Does it bother you at all as a "taxpayer," that you (and your kids grand kids and the yet unborn) were involuntary "investors" in GM, AIG, Goldman Sachs, CITI, J.P. Morgan, Fanny & Freddy, etc?  And that Uncle Scam now considers investing your money in failing businesses as Standard Operating Procedure? --L. Reichard White, Sunday, November 21, 2010 10:58 AM 

Misperception 021

About ANY taxes - - - they go to the government, not to the poor. --L. Reichard White, Friday, November 19, 2010 11:44 AM

Deadbeats?

There's always a discount on an I.O.U.  The amount depends on its
perceived likely-hood of being paid.  The dollar is, in essence, such an
I.O.U.  The perception of repayment is dropping and you can follow it
by watching the value of dollars on the market. --L. Reichard White, Tuesday, November 09, 2010 11:04 AM

Fiat money mantra

As long as you can play, you gotta keep dancing. --CNBC, Tuesday, November 09, 2010 8:05 AM

Alright, who REALLY peed in the pool?

It wasn't the democrats or republicans who screwed things up, it was the politicians. --L. Reichard White, Friday, September 17, 2010 8:23 AM

What the question isn't - - -

The question isn't, "Am I a good citizen?"  The question is, "Are YOU a good government?"

Well are you, punk?  --L. Reichard White, Saturday, July 17, 2010 11:55 AM

Radical notion Part III

At an asking price of $150 million, the most expensive house currently for sale in the world is the late Aaron Spelling's mansion. "The house has no mortgage," says his wife Candy. "My husband didn't believe in them," she explains. --Candy Spelling, CNBC, April 23, 2010, 13:26:01

THE Radical Notion: HERE.

Radical notion II - - -

People are now willing to forego instant gratification to have cash flow and avoid interest payments. --K-MART'S Chief Marketing Officer Mark Snyder, CNBC, April 21, 2010, 07:44:40

THE Radical Notion: HERE.

The bumpersticker that freed me - - -

"I owe, I owe, so off to work I go."

How?

I stopped owing.

The REAL drug problem?

We've got to get off federal largesse. It's been refered to here in Utah as Federal Crack: You get addicted to it and it's hard to get off. ...They [Washington D.C.] are clearly dysfunctional. We can't pass that dysfunction on to the states. --Utah Governor Gary Herbert, CNBC, March 19, 2010, 07:48:35

Midwife?

Deflation is the midwife of hyperinflation. --Howard_Beale, Fri, 02/26/2010 - 19:53 #247566